Ares Management Corporation is set to see further changes in its Asia credit leadership team, with partner Pradeep Mohinani preparing to retire at the end of July, according to a report by Bloomberg citing unnamed people familiar with the matter.
Hong Kong-based Mohinani, who focuses on Asia credit strategies, is stepping down for personal reasons after more than five years as a partner at Ares, following the firm’s 2020 acquisition of SSG Capital Management, where he previously served as managing director.
The departure adds to a broader wave of senior-level transitions within Ares’ credit platform, which has undergone multiple leadership changes in its Asia business in recent months as it continues to expand and restructure its regional investment teams.
Earlier this year, Ares announced additional changes to its Asia credit leadership structure, including planned retirements and internal promotions as it positions the business for its next phase of growth.
The firm’s Asia credit operations form part of a wider global platform managing more than $400bn in assets, with exposure across direct lending, special situations and opportunistic credit strategies.
The reshuffling comes at a time when private credit managers are facing increased regulatory attention and investor scrutiny, particularly around valuation methodologies, liquidity management and exposure to businesses sensitive to rapid technological disruption, including artificial intelligence-driven shifts.
The broader private credit sector, now estimated at around $1.8tn globally, has also experienced episodic stress, with some funds implementing redemption controls following elevated withdrawal requests from investors.
Despite these pressures, demand for private credit strategies remains strong, particularly in Asia, where institutional investors continue to seek alternatives to traditional bank lending amid evolving capital market conditions.
